3133-AE48 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3133 National Credit Union Administration NCUA Incentive-Based Compensation Arrangements

The National Credit Union Administration, Comptroller of the Currency, Federal Deposit Insurance Corporation, Federal Housing Finance Agency, Board of Governors of the Federal Reserve System, and Securities and Exchange Commission proposed but did not finalize a joint rule to implement section 956 of the Dodd-Frank Act in 2011 and 2016. Section 956 requires the regulators to issue regulations or guidelines prohibiting incentive-based compensation arrangements that the regulators determine encourage inappropriate risks and requires institutions to disclose information about the structure of their incentive-based compensation plans to the appropriate regulator.  The regulators continue to coordinate on this issue and intend to issue a third proposed rule.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage No No 12 CFR 741 12 CFR 751 12 U.S.C. 1751 et seq. 12 U.S.C. 5641 Statutory Other 04/21/2011 Deadline Not Later Than Nine Months After July 21, 2010 12 U.S.C. 5641(b) prescribes a deadline of not later than nine months after July 21, 2010. No NPRM 04/14/2011 76 FR 21169 NPRM Comment Period End 05/31/2011 Second NPRM 06/10/2016 81 FR 37669 NPRM Comment Period End 07/22/2016 Third NPRM 12/00/2023 No No None No No https://www.ncua.gov/regulation-supervision/rulemakings-proposals-comment No No 1557 Comptroller of the Currency OCC Joint 3064 Federal Deposit Insurance Corporation FDIC Joint 2590 Federal Housing Finance Agency FHFA Joint 7100 Federal Reserve System FRS Joint 3235 Securities and Exchange Commission SEC Joint Ariel Pereira Senior Staff Attorney 3133 National Credit Union Administration NCUA 703 548-2778 703 518-6569 apereira@ncua.gov 1775 Duke Street, Alexandria VA 22314